Blackrock CIO: Cryptocurrency Is Here to Stay, Bitcoin Could Replace Gold

Blackrock’s Chief Investment Officer, Rick Rieder, said cryptocurrency, including bitcoin, “is here to stay.” In addition, he said bitcoin is a durable mechanism that could replace gold. Blackrock on Bitcoin and Gold Rick Rieder, Blackrock’s Chief Investment Officer (CIO) of Global Fixed Income, talked about bitcoin replacing gold in an interview with CNBC’s Squawk Box on Friday. Blackrock is the world’s largest asset manager, with more than $7.4 trillion in assets under management as of September. Rieder is also Blackrock’s Head of the Global Allocation Investment Team in the Multi-Asset…

Read More

Visa Files Patent for Cryptocurrency System to Replace Cash

Visa International has filed for a cryptocurrency system patent that is meant to replace physical currency. The system, which utilizes both central banks and commercial banks, leverages a private blockchain to improve the payment ecosystem. Visa’s Cryptocurrency Patent Filing The United States Patent and Trademark Office (USPTO) published on Thursday a patent application entitled “digital fiat currency,” filed by Visa International Service Association on Nov. 8, 2019. The USPTO published Visa’s patent application for “digital fiat currency” on May 14; it was filed on Nov. 8, 2019. Source: Visa’s crypto…

Read More

Crypto Embraces VR as Virtual Conferences Replace Physical Events

Remote bitcoin events have been boosted by the postponement or cancellation of real world crypto conferences due to the coronavirus outbreak. With many employees now working from home where possible, firms have begun switching to virtual meetings, prompting renewed interest in VR equipment and hinting at the decentralized future of crypto meetings and events. Also read: Judge Gives Craig Wright New Deadline – Citing Forgery, Perjured Testimony in Court No Office, No Problem: Business as Usual in Crypto While companies grapple with the consequences of the ongoing pandemic, the crypto…

Read More